S & J: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
S & J
Largest movements
- Cash -€18,864
down €18,864 (-58.8%), from €32,079 to €13,216
mainly Net result for the year (-€21,017) and Accrued charges and deferred income (-€1,889)
- Deferred charges and accrued income -€2,268
no longer reported in 2025 (was €2,268)
- Receivables within one year +€540
up €540 (+91.3%), from €592 to €1,132
- Profit (loss) carried forward -€21,017
down €21,017, from €11,054 to -€9,963
- Accrued charges and deferred income -€1,889
no longer reported in 2025 (was €1,889)
- Tax, wage and social debts +€1,480
up €1,480 (+155.4%), from €952 to €2,432
of which Remuneration and social security: +€1,213
- Trade debts +€632
up €632 (+183.6%), from €344 to €977
- Gross operating margin -€24,448
down €24,448, from €13,002 to -€11,446
- Staff costs +€4,597
new in 2025: €4,597
- Taxes +€2,437
new in 2025: €2,437
- Other operating charges +€2,372
up €2,372 (+1286.8%), from €184 to €2,557
- Depreciation -€854
down €854 (-83.7%), from €1,021 to €167
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,106 | €14,348 | -€20,759 | -59.1% |
| Fixed assets | 21/28 | €167 | - | -€167 | |
| Tangible fixed assets | 22/27 | €167 | - | -€167 | |
| Other tangible fixed assets | 26 | €167 | - | -€167 | |
| Current assets | 29/58 | €34,940 | €14,348 | -€20,592 | -58.9% |
| Amounts receivable within one year | 40/41 | €592 | €1,132 | +€540 | +91.3% |
| Other amounts receivable | 41 | €592 | €1,132 | +€540 | +91.3% |
| Cash at bank and in hand | 54/58 | €32,079 | €13,216 | -€18,864 | -58.8% |
| Deferred charges and accrued income | 490/1 | €2,268 | - | -€2,268 | |
| Total equity and liabilities | 10/49 | €35,106 | €14,348 | -€20,759 | -59.1% |
| Equity | 10/15 | €31,054 | €10,037 | -€21,017 | -67.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,054 | -€9,963 | -€21,017 | |
| Amounts payable | 17/49 | €4,053 | €4,311 | +€258 | +6.4% |
| Amounts payable within one year | 42/48 | €2,163 | €4,311 | +€2,148 | +99.3% |
| Trade debts | 44 | €344 | €977 | +€632 | +183.6% |
| Suppliers | 440/4 | €344 | €977 | +€632 | +183.6% |
| Taxes, remuneration and social security | 45 | €952 | €2,432 | +€1,480 | +155.4% |
| Taxes | 450/3 | €952 | €1,219 | +€266 | +28.0% |
| Remuneration and social security | 454/9 | - | €1,213 | +€1,213 | |
| Other amounts payable | 47/48 | €867 | €902 | +€36 | +4.1% |
| Accrued charges and deferred income | 492/3 | €1,889 | - | -€1,889 | |
| Remuneration, social security and pensions | 62 | - | €4,597 | +€4,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,021 | €167 | -€854 | -83.7% |
| Other operating charges | 640/8 | €184 | €2,557 | +€2,372 | +1286.8% |
| Gross operating margin | 9900 | €13,002 | -€11,446 | -€24,448 | |
| Operating profit (loss) | 9901 | €11,797 | -€18,766 | -€30,563 | |
| Financial income | 75/76B | €259 | €381 | +€122 | +47.2% |
| Recurring financial income | 75 | €259 | €381 | +€122 | +47.2% |
| Financial charges | 65/66B | €1,002 | €194 | -€808 | -80.6% |
| Recurring financial charges | 65 | €1,002 | €194 | -€808 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | €11,054 | -€18,580 | -€29,633 | |
| Income taxes | 67/77 | - | €2,437 | +€2,437 | |
| Profit (loss) for the period | 9904 | €11,054 | -€21,017 | -€32,071 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,054 | -€21,017 | -€32,071 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.